When was Royal Bank of Canada established?

1864, Halifax Regional Municipality, Canada
Royal Bank of Canada/Founded
Royal Bank of Canada began as the Merchants Bank of Halifax in 1864. It was founded by a small group of Maritime trade merchants as a private, unchartered commercial bank that would assist them in their daily business activities.

Where was the first Royal Bank of Canada?

Halifax Regional Municipality, Canada
Royal Bank of Canada/Place founded

How old is RBC?

About 157 years (1864)
Royal Bank of Canada/Age

Founded in 1864 in Halifax, Nova Scotia, it maintains a corporate headquarters in Toronto and its head office in Montreal. RBC’s institution number (or bank number) is 003. In November 2017, RBC was added to the Financial Stability Board’s list of global systemically important banks.

What is the Royal Bank of Canada known for?

We are one of North America’s leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor services and capital markets products and services on a global basis.

What’s the history of the Royal Bank of Canada?

We invite you to learn more about our history as we continue to write the next chapters of our journey. Explore our early years in Halifax in the 1860s, to our global expansion through offices in Canada, the U.S. and 49 other countries around the world.

How to explore the history of RBC Bank?

Explore our early years in Halifax in the 1860s, to our global expansion through offices in Canada, the U.S. and 49 other countries around the world. Use this toolkit to view some of our most frequently requested publications and to search the History site. Take a tour of our past by viewing historical video footage and photos.

When did the Merchants Bank of Halifax become the Royal Bank of Canada?

In 1901, the Merchants Bank of Halifax changed its name to the Royal Bank of Canada (RBC). The centre of the Canadian financial industry had moved from Halifax to Montreal, so the Merchants Bank relocated its head office there.

When did Royal Bank of Canada merge with Royal Trust?

It provides life, health, travel, home and auto and reinsurance products as well as creditor and business insurance services. In 1993, RBC merged with Royal Trust. In 1998, RBC acquired Security First Network Bank in Atlanta—the first pure Internet bank.